Alphinat Announces a Loss of $116,679 for the Quarter Ended November 30, 2017
January 22 2018 - 10:13PM
Alphinat Inc. (TSX-V:NPA) announces a loss of
$116,679 for the quarter ended November 30, 2017
During the quarter under review, Alphinat has
focused its efforts on nurturing and expanding its distribution
channels and on diversifying its offering.
In order to accelerate future growth, Alphinat
has invested in packaging SmartGuide along two major areas of
focus:
- SmartGuide Portal Edition for Dynamics 365, which will be
available in early 2018, will optimize the way that clients create
and deploy online services on top of Microsoft Dynamics 365. This
offering will be available in SaaS mode as well as on
premises;
- SmartGuide Municipal Cloud aims at offering unparalleled
productivity to municipalities. Municipalities will be able to
choose from a catalogue of pre-built applications, further
accelerating the speed at which they can deploy citizen-centric
services. These services include service requests, permitting and
licensing as well as numerous other citizen-facing services and
internal applications.
The company has pursued its commercialization
efforts with various agencies of the Canadian government and
municipalities in North America. Furthermore, the company continues
to be involved in supporting its partner deliver solutions to
government clients.
For the 3-month period ended November 30, 2017,
the Company recorded total revenue of $204,740 compared to $603,985
for the same period in 2016. The loss for the period ended November
30, 2017 amounted to $(116,679) or $(0.002) per outstanding common
share compared to earnings of $259,243 or $0.005 per outstanding
common share for the 3-month period ended November 30, 2016.
Alphinat's financial statements and Management's
Discussion and Analysis for the quarter ended November 30, 2017 can
be found on SEDAR, at www.sedar.com.
About
Alphinat
At Alphinat, we are driven by the passion to
make application development easy for everyone. It always struck us
as odd that the people with the vision of how a finished
application should look and behave would only be involved at the
start of the process. After all, what better way to ensure a
favourable outcome than to provide those closest to an
application’s end-users with a vested interest in its success
throughout its development?
That’s why we bring you new ways to empower the
right people at the right time in the application development
process. At the same time, we’re constantly working to reduce the
need to code in order to make application development and
maintenance simpler and less error-prone.
So, whether you choose to develop your
applications with the help of our low-code platform SmartGuide®,
kickstart your project using one of our pre-built apps or engage us
or one of our partners to do the work for you, we’re here to help
you deploy better applications in record time. Visit
https://www.alphinat.com for more information. We look forward to
hearing from you.
Forward-looking
statements
Certain statements in this document, including
those which express management's expectations or estimations with
regards to the Company's future performance, constitute
"forward-looking statements" as understood by applicable securities
laws. Forward-looking statements are, of necessity, based on a
certain number of estimates and hypotheses; while management
considers these to be accurate at the time they are expressed, they
are inherently subject to significant uncertainties and risks on
the commercial, economic and competitive levels. We advise readers
that these forward-looking statements are subject to risks,
uncertainties, and other known and unknown factors that may cause
the actual results, performance or achievements of the Company to
be materially different from any future results, performance or
achievements expressed or implied in these forward-looking
statements. A number of factors could cause significant differences
between actual results and those described in forward-looking
statements. These include, but are not limited to, the Company's
capacity to increase acceptance of its products on the market, and
to penetrate new markets; the potential existence of defects or
undetected problems in the Company's products; the Company's
ability to manage its growth; the Company's ability to compete with
others; potential commitments; maintaining the Company's
intellectual property rights and defending against litigation
putting those rights in question; the Company's reliance on the
knowledge of its key personnel; and the Company's access to
sufficient capital to finance its future needs. This is a partial
and non-exhaustive list of factors that could bear on any of our
forward-looking statements. Investors are advised to not rely
unduly on the forward-looking statements. This advisory applies to
all forward-looking statements, whether expressed orally or in
writing, attributed to Alphinat or to any individual expressing
them in the name of the Company. The Company is under no obligation
to publicly update these forward-looking statements, whether to
reflect new information, future events, or other circumstances.
Risks and uncertainties that bear on the Company are described in
greater detail in the Company's Annual Report.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For further information please
contact:
Mr. Philippe Lecoq Chief Executive Officer Alphinat Inc. (514)
398-9799 ext 222
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